Mumbai, Dec 18 || The unified payments interface (UPI) transaction volumes rose 33.5 per cent (year-on-year) to 59.33 billion transactions in the July-September period, as transaction value grew 21 per cent to Rs 74.84 lakh crore, a report showed on Thursday.
India reached 709 million active UPI QRs, marking a 21 per cent increase since July 2024. Dense QR acceptance across kiranas, pharmacies, transport hubs, and rural markets has made scan-and-pay the default payment mode nationwide, according to the report by Worldline India.
Person-to-merchant (P2M) transactions continued to outpace person-to-person (P2P), reflecting UPI’s dominance in everyday retail payments.
P2M transactions were up 35 per cent to 37.46 billion transactions while P2P transactions rose 29 per cent to 21.65 billion transactions, the report said.
The third quarter (Q3 2025) further reinforced India’s position as the world’s most dynamic real-time payments economy — where every scan, tap, and click is reshaping consumer and merchant behaviour.